International News
Silver retraces down on margin hike pressure AUGMONT BULLION REPORT
- Following a parabolic run that saw silver reach a high of $84. on December 29, the market had a severe correction, losing more than 15% of its value in just 48 hours.
- The upheaval started in earnest during the holiday-shortened trading week in late December. On December 26, 2025, the CME Group published Advisory No. 25-393, which raised the initial margin for March 2026 silver futures from $22,000 to $25,000.
- The CME Group acted again, seeing a potential systemic danger as volatility indicators reached levels not seen in almost a decade. On December 30, 2025, the exchange announced a second, harsher raise, increasing margins by 30% to $32,500 per contract.
- When the New York floor opened on the last day of the year, a tsunami of forced liquidations had hit the tape. Investors who had entered the market at $80 were confronted with margin calls they could not satisfy, triggering a cascade sell-off those wiped billions of dollars in paper riches in a matter of hours.
Technical Triggers
- Gold prices are expected to consolidate in the range of $4320 (~Rs 134,000) and $4420 (~Rs 137,000) after this sharp rally and sell off this week.
- Silver prices are expected to consolidate between $70 (~Rs 223,000) and $76 (~Rs 242,000), after the sharp rally and sell off this week.
Support and Resistance
| Metal | Market | Support Level | Resistance Level |
|---|---|---|---|
| Gold | International | $4300 / oz | $4420 / oz |
| Gold | India | ₹134,000 / 10 gm | ₹137,000 / 10 gm |
| Silver | International | $70 / oz | $76 / oz |
| Silver | India | ₹223,000 / kg | ₹242,000 / kg |
Source: AUGMONT BULLION REPORT
A massive 11,000-carat rough ruby has been recovered in the famed gem-rich region of Mogok, Myanmar, according to recent state media reports.
Weighing in at 2.2 kg (4 lbs 14 oz), the newly discovered stone is roughly half the size of the legendary 21,450-carat rough gem found in the same region back in 1996. However, experts and state officials report that this new find boasts vastly superior color, luster, and transparency.
Mogok rubies, sourced from the “Valley of Rubies” in Myanmar (Burma), are legendary for their unrivaled vivid color and supreme clarity. They are famous worldwide for their “pigeon blood” red hue, which is caused by trace elements and microscopic silk particles that scatter light and give the gem a glowing, velvety softness.
Key Details of the Discovery:
- Physical Properties: The giant gem exhibits a striking purplish-red color with yellowish undertones, excellent vitreous luster, and moderate transparency. It remains entirely in its natural, untreated state.
- Geopolitical Context: Myanmar supplies roughly 90% of the world’s rubies. However, the nation has been embroiled in a devastating civil war since a 2021 military coup—a conflict that has claimed approximately 90,000 lives and displaced over 3.5 million people.
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